Shares of iShares Global Energy ETF (NYSEARCA:IXC – Get Free Report) saw an uptick in trading volume on Monday. Approximately 3,409,312 shares changed hands during mid-day trading, an increase of 261% from the average daily volume of 944,591 shares. The stock last traded at $57.1590 and had previously closed at $57.03.
iShares Global Energy ETF Trading Up 1.5%
The stock has a market capitalization of $2.94 billion, a PE ratio of 11.92 and a beta of 0.36. The firm’s 50-day moving average price is $59.83 and its 200-day moving average price is $55.05.
Hedge Funds Weigh In On iShares Global Energy ETF
Institutional investors and hedge funds have recently modified their holdings of the stock. Private Advisor Group LLC bought a new position in iShares Global Energy ETF during the third quarter valued at $970,000. Alpha Financial Partners LLC raised its position in iShares Global Energy ETF by 0.9% in the 3rd quarter. Alpha Financial Partners LLC now owns 38,827 shares of the company’s stock worth $2,212,000 after purchasing an additional 337 shares during the period. Banco Santander S.A. purchased a new stake in iShares Global Energy ETF in the 3rd quarter worth about $5,216,000. HighTower Advisors LLC purchased a new stake in iShares Global Energy ETF in the 3rd quarter worth about $4,949,000. Finally, Thoroughbred Financial Services LLC bought a new stake in iShares Global Energy ETF in the third quarter worth about $254,000.
iShares Global Energy ETF Company Profile
iShares Global Energy ETF (the Fund), formerly iShares S&P Global Energy Sector Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Global Energy Sector Index (the Index). The Index is a subset of the S&P Global 1200 Index, and measures the performance of companies that S&P deems to be part of the energy sector of the economy. Component companies include oil equipment and services, oil exploration and production, and oil refinery, oil storage and transportation, and coal and uranium mining companies.
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